Willamette Valley Vineyards Announces Annual Cash Dividend for Series A Redeemable Preferred Stock (NASDAQ: WVVIP)

Rhea-AI Summary

Willamette Valley Vineyards (NASDAQ:WVVI) declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ:WVVIP), payable on December 30, 2022. Shareholders must be on record by the close of business on December 7, 2022. The company, a prominent Oregon producer of Pinot Noir, continues to support its shareholders through consistent dividends.

Positive

• Declared a cash dividend of $.22 per share, demonstrating commitment to shareholder returns.

Negative

• Potential risks include reduced consumer demand for premium wines and adverse weather conditions affecting grape quality.

SALEM, Ore., Nov. 3, 2022 /PRNewswire/ -- Willamette Valley Vineyards (NASDAQ:WVVI), a leading Oregon producer of Pinot Noir, declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ:WVVIP), payable on December 30, 2022, to shareholders of record at the close of business on December 7, 2022. 

Willamette Valley Vineyards, Inc. is headquartered at its Estate Vineyard near Salem, Oregon.  The Company's common stock is traded on NASDAQ (WVVI).  For more information, visit Willamette Valley Vineyard's website at: wvv.com 

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are identified by such words and phrases as "expects," "thinks," "believes," "anticipates" and words of similar import.  Such forward-looking statements are subject to risks and uncertainties and actual results could differ materially from those projected.  Such risks and uncertainties include, but are not limited to:  availability of financing for growth, availability of adequate supply of high quality grapes, successful performance of internal operations, impact of competition, changes in wine broker or distributor relations or performance, impact of possible adverse weather conditions, impact of reduction in grape quality or supply due to disease or smoke from forest fires, changes in consumer spending, the reduction in consumer demand for premium wines, and the impact of the COVID-19 pandemic and the policies of United States federal, state and local governments in response to such pandemic. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic economic conditions.

NASDAQ: WVVI, WVVIP

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SOURCE Willamette Valley Vineyards

FAQ

What is the dividend amount announced by Willamette Valley Vineyards?

Willamette Valley Vineyards announced a cash dividend of $.22 per share.

When is the dividend payable for the Series A Redeemable Preferred stock?

The dividend is payable on December 30, 2022.

What is the record date for the dividend?

The record date for the dividend is December 7, 2022.

What are the risks mentioned related to the forward-looking statements?

Risks include reduced consumer demand, grape quality issues, competition, and impacts from the COVID-19 pandemic.